The PoW vs. PoS Debate | Lyn Alden & Justin Drake
Bankless28 Mar 2022

The PoW vs. PoS Debate | Lyn Alden & Justin Drake

Lyn Alden is the Founder of Lyn Alden Investment Strategy and an expert in macro markets who’s also a strong Bitcoin, proof-of-work proponent. Her friendly counterpart, Justin Drake is a researcher at the Ethereum Foundation and is pro proof-of-stake. Both are recurring guests on Bankless!

The two experts debate which is better: proof-of-work or proof-of-stake for creating a global-crypto money system? Other topics include: economic security, deterrence and recoverability in the face of the dreaded 51% attack, minimization of governance power, economic fairness, commodity vs. equity money, and so much more!

Which is your preference, proof-of-work or proof-of-stake? Warning: after this debate, your preference may change.

------
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/debrief-the-pow-vs-pos-debate-lyn

------
📣 ZERION | Trade Across 7 Networks and 500+ protocols
https://bankless.cc/Zerion

------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

------
BANKLESS SPONSOR TOOLS:

👀 POLYGON | LAYER 2 DEFI
https://bankless.cc/Polygon

❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across

🦊 METAMASK | THE CRYPTO WALLET
https://bankless.cc/metamask

💳 LEDGER | THE CRYPTO LIFE CARD
https://bankless.cc/Ledger

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS
https://bankless.cc/Alchemix

🦄 UNISWAP | DECENTRALIZED FUNDING
https://bankless.cc/UniGrants

------
Topics Covered:

0:00 Intro
6:15 Backgrounds
8:12 The Better Monetary Premium
11:00 Equity, PoS, Commodity, PoW?
23:30 Hypothetical PoS Bitcoin
30:25 Lyn’s Rebuttal to Multiple Justin Claims
36:05 Justin’s Rebuttal to Multiple Lyn Claims
44:50 Inherently Fair or Unfair?
53:27 Different Kinds of Risk
57:30 Client Diversity
1:03:00 Lyn’s Macro Perspective
1:13:00 Justin’s Technical Perspective
1:17:42 Governance & Memes
1:29:55 The Rich Get Richer?
1:32:35 Closing Arguments

------
Resources:

Lyn’s Proof of Stake Article
https://www.lynalden.com/proof-of-stake/

Economic Security & Efficiency
https://docs.google.com/spreadsheets/d/1KdzhgbTqhRd0LndK4R8c50OK-s6W568Ydd1aytokwbs/edit#gid=0

Lyn’s Twitter
https://twitter.com/LynAldenContact

Justin’s Twitter
https://twitter.com/drakefjustin

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1271)

ROLLUP: Coinbase Ships | JPMorgan Onchain | Solana Firedancer | Aave Civil War | DTCC Tokenizes

ROLLUP: Coinbase Ships | JPMorgan Onchain | Solana Firedancer | Aave Civil War | DTCC Tokenizes

Crypto prices are down, but the most important players are still building. In this week’s Weekly Rollup, Ryan and David break down Coinbase’s push to become a financial super app, JPMorgan’s first tok...

19 Des 20251h 3min

Why Gen Z Will Turn Everything Into a Market | Threadguy

Why Gen Z Will Turn Everything Into a Market | Threadguy

Trading is no longer just a financial activity; it has become a spectator sport. In this episode, Threadguy explains how Gen Z’s internet-native fluency, built through sneaker markets, NFTs, and meme ...

18 Des 20251h 4min

The DeFi Report Podcast | Was the Fed Rate Cut a False Signal for Crypto?

The DeFi Report Podcast | Was the Fed Rate Cut a False Signal for Crypto?

The Fed cut rates and announced $40B/month in T bill purchases. Is that the signal to buy back into crypto? Mike says no. In this episode, we explain why “QE light” is not real easing, the key indicat...

17 Des 202534min

10 Crypto Predictions for 2026: $1M BTC, Wall Street Onchain & ETF Takeover | Matt Hougan & Ryan Rasmussen from Bitwise

10 Crypto Predictions for 2026: $1M BTC, Wall Street Onchain & ETF Takeover | Matt Hougan & Ryan Rasmussen from Bitwise

Bitwise’s Matt Hougan and Ryan Rasmussen return with 10 big predictions for 2026. From the case for $1M BTC (and why the classic four-year cycle may be dead) to a world where ETFs soak up more than 1...

16 Des 20251h 14min

Is Privacy A Winnable Battle? | Andy Yen, Founder of Proton

Is Privacy A Winnable Battle? | Andy Yen, Founder of Proton

AI is becoming the most powerful surveillance machine ever built and most people are feeding it their deepest secrets without realizing who can read them. Proton founder Andy Yen joins Bankless to exp...

15 Des 20251h 45min

ROLLUP: Rate Cuts! | ZK Breakthroughs | Farcaster’s Pivot | SEC Onchain | NYT’s Stablecoin FUD

ROLLUP: Rate Cuts! | ZK Breakthroughs | Farcaster’s Pivot | SEC Onchain | NYT’s Stablecoin FUD

The final Fed meeting of 2025 delivered a surprise rate cut, but the real story is how the market is reacting. In this week’s Weekly Rollup, Ryan and David unpack what the new policy shift means for c...

12 Des 20251h 10min

The Return of the ICO | Ryan & David

The Return of the ICO | Ryan & David

ICOs are suddenly back, but this time the projects are real, the mechanisms are better, and retail isn’t shut out. Ryan and David break down why MegaEth, Monad, Aztec, Zama, and Infinex are launching ...

10 Des 20251h 9min

Inside Gary Gensler’s SEC: A Conversation with Former Crypto Policy Advisor Corey Frayer

Inside Gary Gensler’s SEC: A Conversation with Former Crypto Policy Advisor Corey Frayer

What was really happening inside the SEC during the Gensler years? Today, we sat down with Corey Frayer, former senior crypto policy advisor to SEC Chair Gary Gensler and now Director of Investor Pro...

8 Des 20251h 52min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
popradet
stopp-verden
fotballpodden-2
lydartikler-fra-aftenposten
det-store-bildet
nokon-ma-ga
rss-gukild-johaug
dine-penger-pengeradet
rss-ness
rss-espen-lee-usensurert
hanna-de-heldige
aftenbla-bla
grasoner-den-nye-kalde-krigen
e24-podden
rss-dannet-uten-piano
frokostshowet-pa-p5